Where any dealer, casual dealer or person, has filed an application under sub-rule (1) of rule 156 after the 1st day of July, 2006, such application together with the documents, if any, shall, within one hundred and twenty days from the date of coming into force of this rule or receipt of application, whichever is later, be transferred by the Appellate and Revisional Board to the Commissioner.

(2) If any application for stay of operation of an order relating to net tax, interest, late fee or penalty has been presented before the Appellate and Revisional Board together with the application referred to in sub-rule (1), and if such Board by an order in writing, has granted such stay, either in full or in part, then the stay shall continue even after the transfer of the application to the Commissioner, subject to the terms and conditions, if any, set by the Appellate and Revisional Board or till it is vacated by the Commissioner.